Finland's import market comprises a diverse range of products, with the top 10 largest imports revealing a focus on automobiles, crude petroleum, electrical machinery, and fuel and petroleum products. European countries like Germany and Sweden, along with Russia and China, play a crucial role in Finland's import market. As Finland's economy continues to grow, its reliance on imports will likely persist, driving further engagement with international trade partners.
Finland, a country located in Northern Europe, has a robust and diverse economy that relies on various imports to meet domestic demand. This article investigates the top 10 largest imports in Finland, offering insights into the most recent volume and dollar values, and identifying the primary countries of origin for these goods.
Automobiles: Automobile imports play a significant role in Finland's import market. In 2021, the country imported vehicles worth approximately $4 billion. The majority of these imports come from countries such as Germany, Sweden, and Japan, with German Volkswagen, Swedish Volvo, and Japanese Toyota being popular brands in the Finnish market.
Crude Petroleum: Crude petroleum is a vital import for Finland, with the country importing crude petroleum worth around $3 billion in 2021. The leading sources of crude petroleum are Russia, Norway, and Kazakhstan. Crude petroleum is used for refining into various fuel products.
Electrical Machinery and Equipment: Finland imported electrical machinery and equipment worth approximately $5 billion in 2021. These imports include electrical transformers, motors, generators, and other appliances. Germany, China, and Sweden are the main countries supplying Finland with these goods.
Fuel and Petroleum Products: In 2021, Finland imported fuel and petroleum products worth around $2 billion. The country relies heavily on imports to meet its energy needs, with the majority of these products coming from Russia, Sweden, and the Netherlands.
Iron and Steel: Finland imported iron and steel products worth approximately $2.5 billion in 2021. The country sources these materials primarily from Russia, Germany, and Sweden, using them for construction and infrastructure development.
Medicinal and Pharmaceutical Products: In 2021, Finland imported medicinal and pharmaceutical products valued at around $2 billion. The majority of these imports come from European countries, including Germany, Denmark, and the United Kingdom.
Optical, Photographic, and Medical Instruments: Optical, photographic, and medical instruments are essential imports for Finland, totaling around $2 billion in 2021. The primary sources for these imports are Germany, the United States, and the Netherlands.
Plastics and Plastic Products: Plastics and plastic products are another significant import category for Finland, with a total value of approximately $2 billion in 2021. The primary countries supplying Finland with these goods are Germany, Sweden, and Russia.
Refined Petroleum: Refined petroleum, including gasoline, diesel, and jet fuel, accounted for around $3 billion in imports in 2021. Finland imports these goods primarily from Russia, Sweden, and the Netherlands.
Telecommunications Equipment: Telecommunications equipment, including mobile phones and other devices, amounted to around $1.5 billion in imports in 2021. China, Vietnam, and Germany are the main sources for these products.